Lightspeed Venture Partners is reportedly in advanced discussions to lead a Series B funding round of approximately $20 million (INR 170 Cr) for Snabbit, an Indian home services startup. This potential investment signals a strong belief in the growth of the on-demand home services market and Snabbit's unique approach. Existing investors, including Elevation Capital and Nexus Venture Partners, are also expected to participate, demonstrating continued confidence in the company's vision and execution.
Snabbit, founded in 2024 by Aayush Agarwal, former Chief of Staff at Zepto, aims to revolutionize the way Indians access essential home services. The Mumbai-based startup offers a range of services, including cleaning, laundry, and kitchen assistance, with a promise of professionals at your doorstep in as little as 15 minutes. This quick-commerce model addresses the fast-paced lifestyle of urban dwellers who increasingly demand convenience and efficiency in managing their daily chores.
The company previously secured $5.5 million in a Series A funding round led by Elevation Capital in January 2025. That funding was earmarked for expanding Snabbit's presence across Mumbai and strengthening its team. The potential $20 million Series B round will likely fuel further expansion within Mumbai and potentially to other major metropolitan areas in India.
Snabbit's business model revolves around a hyperlocal approach, where it carefully selects, trains, and deploys service professionals within specific micro-markets. This allows for rapid response times and a high degree of quality control. The company also emphasizes providing its service partners with stable income and benefits such as health and accident insurance, addressing concerns about the often-unorganized nature of the home services sector. By focusing on high-frequency, everyday home services, Snabbit aims to maximize customer engagement and wallet share.
The Indian home services market is experiencing increasing competition, with Urban Company emerging as a major player. Urban Company has even launched "Insta Help" to provide house help in 10 minutes. Other startups like Pronto are also vying for market share, raising $2 million in seed funding to offer on-demand house help services.
Lightspeed's interest in Snabbit highlights the venture capital community's growing recognition of the potential in the quick-commerce home services space. As consumers become increasingly accustomed to instant gratification in other sectors like grocery and food delivery, the demand for rapid and reliable home services is expected to rise. Snabbit's focus on speed, quality, and a full-stack approach positions it as a strong contender in this evolving market. The company's ability to attract follow-on investment from existing backers and new investors like Lightspeed underscores its promising trajectory and potential to become a major force in the Indian home services landscape.
